StockNews.com Begins Coverage on TransAct Technologies (NASDAQ:TACT)

Research analysts at StockNews.com initiated coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report released on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Craig Hallum dropped their price objective on shares of TransAct Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th.

TransAct Technologies Price Performance

Shares of TACT stock opened at $4.91 on Tuesday. The business has a fifty day moving average of $5.68 and a 200 day moving average of $6.50. TransAct Technologies has a 1 year low of $4.50 and a 1 year high of $9.44. The firm has a market capitalization of $48.93 million, a price-to-earnings ratio of 10.45 and a beta of 1.88.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Tuesday, March 12th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. TransAct Technologies had a return on equity of 15.96% and a net margin of 6.54%. The firm had revenue of $13.27 million during the quarter, compared to analysts’ expectations of $13.90 million. As a group, equities research analysts expect that TransAct Technologies will post -0.25 earnings per share for the current year.

Institutional Trading of TransAct Technologies

A number of hedge funds have recently modified their holdings of the stock. Silverberg Bernstein Capital Management LLC acquired a new position in TransAct Technologies in the fourth quarter valued at approximately $2,873,000. Bard Associates Inc. grew its stake in shares of TransAct Technologies by 1.1% during the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after purchasing an additional 1,750 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of TransAct Technologies by 15.0% during the 4th quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock valued at $133,000 after purchasing an additional 2,483 shares in the last quarter. Heron Bay Capital Management acquired a new position in shares of TransAct Technologies in the 4th quarter valued at $116,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in TransAct Technologies during the third quarter worth $103,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.